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www.gmcard.com and the BuyPower card
If you check out www.gmcard.com you'll see that it offers three credit cards.
One of them, the BuyPower MasterCard credit card, is a very interesting concept – you earn rewards on every purchase you make, redeemable towards a car!
Earnings are redeemable towards the lease or retail purchase of a new Buick, Chevrolet, Cadillac or GMC vehicle.
The BuyPower card is issued by Capital One and has no annual fee. There is an introductory APR rate of 0% for 12 months, then it's a variable 11.90%, 15.9% or 19.90%. The card is a WorldElite MasterCard, which offers extra benefits such as price protection, extended warranties and travel services.
The latter includes:
– Complimentary benefits, upgrades, VIP status and premium travel offers
– Personal Concierge Service
– $1m travel accident insurance
– Trip cancellation insurance
– MasterRental insurance for rental cars
– Global Service emergency service
– Airport Concierge
– MasterAssist travel assistance services
With the BuyPower credit card from www.gmcard.com you earn 5% rewards for the first $5,000 you spend on the card in net purchases. After that, for the rest of the account year, you earn an unlimited amount of 2% rewards. Your earnings never expire.
What else do I need to know?
You can't combine earnings with:
– The GM Employee Purchase Program
– The GM Supplier Discount Program
– The GM Employee QRD Purchase Program / Company Owned Vehicle Program
– The GM Credit Union discount
– Any other BuyPower card
– Any other GM product earnings program
You can combine earnings with:
– Other GM offers and incentives, some of which you can find here
– The GM College Discount
– The GM Military Discount
Is the BuyPower card a good choice?
The BuyPower card is a unique idea and especially great if you're in the market for a new General Motors car. Unlimited earnings are a big bonus but no sign-up bonus gets a thumbs down. If the introductory APR was extended to 18 months and there was a balance transfer option with 0% too, this card would be even better.
There are better cards out there for travel rewards, but consumers in the market for a new vehicle may like the idea of this one.